Podcast
World Business Report
Hosted by BBC World Service · EN
The latest business and finance news from around the world, on the BBC.
83episodes
Episodes
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Turmoil in the Strait of Hormuz sees oil price surge again
Mar 1300:26:27Tap to summarizeBrent crude, the international benchmark for crude oil, rose to settle at $103 a barrel, ending the day at the highest level in more than three years.That’s as the Strait of Hormuz remains effectively closed to most shipping, choking off one of the world’s most important energy routes. It leaves the oil market facing what analysts say could be the biggest supply disruption in its history, with no clear end in sight. Meanwhile, across Africa, the surge in oil prices triggered by the US Israel war with Iran is rippling across economies. Many countries on the continent import most of their fuel and that could quickly mean higher transport costs, inflation and pressure on local currencies. Leanna Byrne has the latest.In New York, a bill has been introduced which, if passed, would see New York’s minimum wage rise to the highest in the country. Supporters say it would help workers cope with the soaring cost of living in one of the world’s most expensive cities. But many businesses warn the increase could force them to raise prices or cut jobs.
Transcribe →US eases Russias oil sanctions
Mar 1300:08:56Tap to summarizeThe US has loosened sanctions on other countries buying Russian oil we'll be talking about if those measures are enough to keep a lid on energy prices. And the smart toys struggling with toddlers emotions, why researchers are raising concerns on those. Presenter: Sarah Rogers Producer: Victoriya Holland Editor: Stephen Ryan
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Can a temporary US shipping rule ease fuel costs?
Mar 1200:26:31Tap to summarizeThe US is considering temporarily waiving the Jones Act, a century-old law from 1920 that normally requires all goods shipped between US ports to travel on US-built, owned, and flagged vessels. The waiver would allow foreign ships to move fuel between domestic ports for 30 days to help curb rising costs. Meanwhile, the war with Iran has already cost the US at least $11.3 billion in its first week, with global energy markets feeling the ripple effects and consumers facing higher prices.(Picture: An aerial view of Exxon Mobil’s Beaumont oil refinery, which produces and packages Mobil 1 synthetic motor oil, in Beaumont, Texas, U.S., March 18, 2023. REUTERS/Bing Guan/File Photo)
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Myanmar Earthquake: How does aid get to where it’s needed?
Mar 28, 202500:26:27Summary readyMyanmar's military leader, Min Aung Hlaing, has made a rare request for international help after a powerful earthquake hit the centre of the country, flattening buildings and bridges. The US vice president, JD Vance, has accused Denmark of underinvesting in the security of Greenland and leaving it vulnerable. The Canadian prime minister, Mark Carney, says he has told Donald Trump that Ottawa will impose retaliatory tariffs on American goods from early April.
SummaryUN reacts to Myanmar earthquake
Mar 28, 202500:26:28Tap to summarizeMyanmar's military rulers have appealed for international help after a massive earthquakes Australians will head to the polls on May 3rd, after the prime minister Anthony Albanese called a federal election And America is seeking to import eggs from European countries as they're in short supply due to the aviation flu outbreak. We hear from a bakery in Brooklyn on how they are coping with the inflated prices of eggs
Transcribe →Canada defiant on Trump car tariffs
Mar 27, 202500:26:28Tap to summarizeThe Canadian prime minister, Mark Carney, has said the United States is no longer a reliable partner after President Donald Trump imposed 25% tariffs on car imports. Rahul Tandon speaks to businesses in both the US and Canada. China's biggest company, Tencent Holdings, has made more than a billion-dollar investment in a new spin-off company of the French gaming giant Ubisoft, which owns franchises including Assassin’s Creed and Tom Clancy’s Rainbow Six.
Transcribe →Trump announces tax on imported cars
Mar 27, 202500:26:28Tap to summarizePresident Trump has announced a 25% import tax on cars and car parts coming into US. The president said the measure would lead to "tremendous growth" for the industry. China has reportedly ordered state-owned firms to pause new deals with businesses linked to Hong Kong billionaire Li Ka-shing, following his announcement that he plans to sell two ports in the Panama Canal to a US consortium And the Elizabeth Line in London will soon be operated by Japan's Tokyo Metro company. The BBC’s Mariko Oi speaks to their CEO
Transcribe →Trump targets the auto industry in new tariffs
Mar 26, 202500:26:28Tap to summarizeThe US President Donald Trump has announced plans for long-promised tariffs on automotive imports shipped into the United States, and the tariffs will go into effect on 2nd April and will apply to finished cars and trucks that are shipped into the United States. Also, Maryland is marking one year since a cargo ship crashed into Baltimore's Francis Scott Key Bridge. The owner of the ship agreed to pay 102 million in damages back in September, and now it’s expected that the new bridge will be finished in 2028. And Rahul Tandon discusses Marvel announcement of the production for Avengers: Doomsday, which is underway and appears to have revealed its cast.
Transcribe →UK announces extra $2.8 bn for defence
Mar 26, 202500:26:15Tap to summarizeThe UK announces an extra $2.8 billion to be spent on defence. The announcement was made as part of the UK Chancellors, Rachel Reeve’s, Spring Budget. At least twenty-four people have been killed in the deadliest forest fires in South Korea's history. Tens of thousands of people have been evacuated from their homes. And, In the US judges have blocked Universal Music Group's request to stop the AI company 'Anthropic' from using their song lyrics to train its AI mode
Transcribe →Ceasefire terms: Is Russia lying?
Mar 25, 202500:26:27Tap to summarizeUkraine's President Zelensky says Russia is "lying" about the terms of their Black Sea ceasefire. Russia, in turn, insists that certain sanctions on banks, insurers, and food exporters must be lifted before the ceasefire takes effect.Can reshoring work in Canada?Plus, why are consumers turning their backs on orange juice? Roger Hearing finds out.
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